401k Contribution Limits 2024 Catch Up Total Limit

401k Contribution Limits 2024 Catch Up Total Limit. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. However, individual retirement account (ira) contributions will continue to be $7,000 in 2025, the same as in 2024.

The irs on friday announced the annual contribution limits for qualified defined contribution plans and individual retirement accounts for the 2025 tax year. 401(k), 403(b) and 457 elective deferral limit: